Consolidated Statement of Income

For the years ended December 31, 2019 and 2018

	Notes	2019 SAR ’000	2018 Restated SAR ’000
Special commission income	20	3,902,488	3,633,416
Special commission expense	20	1,624,597	1,345,695
Net special commission income		2,277,891	2,287,721
Fee income from banking services, net	21	299,032	295,002
Exchange income, net		155,905	140,625
Dividend income	22	–	5,407
Unrealized fair value through profit and loss		7,350	(20,464)
Realized fair value through profit and loss		3,275	4,528
Gains/(losses) on FVOCI debt securities, net	23	43,518	(59)
Other income (loss)		31,257	(30)
Total operating income		2,818,228	2,712,730
Salaries and employee-related expenses	24 (a)	626,327	625,991
Rent and premises-related expenses		144,080	151,954
Depreciation and amortization	9	143,517	103,239
Other general and administrative expenses	40 (b)	320,322	252,001
Operating expenses before provisions for credit and other losses		1,234,246	1,133,185
Provisions for credit losses and other losses	40 (a)	1,342,637	246,972
Total operating expenses		2,576,883	1,380,157
Operating income		241,345	1,332,573
Share in earnings of associates	8 (b)	88,156	111,195
Income before provisions for Zakat and Income Tax		329,501	1,443,768
Provisions for Zakat and Income Tax	27 (a)	90,040	867,871
Net income	41 (a)	239,461	575,897
Basic and diluted earnings per share (expressed in SAR per share)	25 (b)	0.17	0.65

The accompanying Notes 1 to 44 form an integral part of these Consolidated Financial Statements.